Method for Determining Funding for Housing Development Programs

19:26, 10/07/2024

On June 30, 2016, the Ministry of Construction issued Circular 19/2016/TT-BXD guiding the implementation of certain contents of the Law on Housing and Decree 99/2015/ND-CP detailing and guiding the implementation of certain articles of the Law on Housing.

The construction budget for the local housing development program is determined according to the following formula:

C_T = C₁ + C₂

C_T: is the total cost for establishing, verifying, managing, and announcing the housing development program.

C₁: is the total cost to establish the housing development program, determined as follows:

C₁ = C_chuan x H₁ x H₂ x K

Where:

- C_chuan = 400 (million VND): is the cost to establish the housing development program for a standard area.- H₁: is the coefficient for work conditions and the level of economic - social development of the locality.- H₂: is the coefficient for the scale of the natural area of the locality.- K: is the adjustment coefficient for the consumer price level.

C₂: is the total cost for verifying, managing, and announcing the program, calculated as 15.6% of C₁.

Details can be found at Circular 19/2016/TT-BXD, effective from August 15, 2016.

- Thanh Lam -

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